ProShares UltraShort Semiconductors (NYSEARCA:SSG) Sees Large Increase in Short Interest

ProShares UltraShort Semiconductors (NYSEARCA:SSG) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 49,055 shares, an increase of 90.2% from the June 30th total of 25,793 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 1,006,939 shares, the short-interest ratio is presently 0.0 days.

ProShares UltraShort Semiconductors Stock Performance

SSG stock opened at $16.07 on Thursday. The company has a 50 day moving average price of $12.93 and a 200 day moving average price of $20.73. ProShares UltraShort Semiconductors has a fifty-two week low of $10.91 and a fifty-two week high of $47.82.

Institutional Investors Weigh In On ProShares UltraShort Semiconductors

An institutional investor recently bought a new position in ProShares UltraShort Semiconductors stock. Quantinno Capital Management LP purchased a new stake in shares of ProShares UltraShort Semiconductors (NYSEARCA:SSG) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,000 shares of the company’s stock, valued at approximately $510,000. Quantinno Capital Management LP owned 0.96% of ProShares UltraShort Semiconductors as of its most recent SEC filing.

About ProShares UltraShort Semiconductors

Operates as a specialty retailer of pre-swung golf equipment. The Company buys and sells both new and pre-swung golf equipment, offering golfers the chance to get value for the equipment they no longer use. Golfers can trade-in their old equipment for new equipment or simply trade for golf equipment that better suits their golf game. 2nd Swing operates more than 65 stores in 24 states nationwide under the names 2nd Swing and 2GOLF.